Anti-money laundering (AU)

Duration: 68 minutes

Overview: This course provides you with an understanding of how to identify, prevent and report money laundering and terrorism financing in Australia. During this topic, you will:

• Examine the potential harm caused by money laundering and terrorism financing.
• Learn how to identify money laundering and terrorism financing, as well as reviewing anti-money laundering and counter-terrorism financing (AML/CTF) regulatory requirements and the key components of an AML/CTF program.
• Understand the reporting obligations under the AML/CTF legislation and how to comply with these requirements.

Why is this course important? There are many risks associated with money laundering for organisations, their managers and their employees - including reputational risk, operational risk, legal risk and financial risk. In addition, there are a variety of legislative requirements in Australia for organisations to identify and respond to suspected money laundering activities. It is important for you to be aware of your responsibilities in this process.

Suitable for: All employees. This course is based on Australian law.

Online Assessment: Yes

Workplace Activities: None

Disclaimer: The scope of this course is general in nature and does not cover any specific potential anti-money laundering obligations that may apply to your particular workplace, or duties you may have in your role to detect or report certain anti-money laundering incidents.  In addition to this training module, you should become familiar with any legislation, guidelines, directives, policies and other documents that apply to anti-money laundering in your particular workplace and role. In the event of discrepancy between this course and your workplace policies, your workplace policies should be applied. OmniaCapture is not responsible for you or anyone else for any loss suffered in connection with the use of this information. You should seek legal or other professional advice before acting or relying on any of the information contained in this course.